Economy
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FG’s poor policies responsible for Nigeria’s economic problems – World Bank
Poor Policies by the Federal Government are creating trade barriers that may worsen the nation’s economic growth this year, going…
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Huge debts, tattered revenue, precarious economy await 18 new governors
From heaps of debts to tattered revenues, unsustainable wages to poorly-equipped civil servants and dead assets to loads of contingent…
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CBN to mop up dormant account balances, unclaimed funds
The Central Bank of Nigeria has proposed that banks should transfer funds in accounts that have been dormant for up…
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Avoid toxic pension desk practitioners, PenCom tells retirees
The National Pension Commission (PenCom) has strongly advised retirees to avoid and others to walk away from the illicit activities…
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World Bank lists Naira among weakest currencies
Nigeria’s currency – Naira – lost 10.2 per cent of its value in 2022, emerging as fifth among Africa’s worst-performing…
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Subsidy Removal: FG secures fresh $800m from World Bank as palliatives for poor Nigerians
The Federal Government has secured the sum of $800 million from the World Bank under the National Social Investment Programme…
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Nigeria’s external reserves fall by $1.46bn in two months – CBN
The country’s external reserves fell by $1.46bn between January and March, figures obtained from the Central Bank of Nigeria have…
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NDIC warns against investment offers with quick, arbitrarily high returns
Nigeria Deposit Insurance Corporation (NDIC) has warned the public to avoid investment offers with quick and arbitrarily high returns. …
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Banks raise cash withdrawal limits to reduce queues
Deposit Money Banks are set to raise their cash withdrawal limits from the current N20,000-N50,000 range to over N80,000-N100,000, according…
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Uphill task for 17 new Governors as they inherit N2.1trn, $1.9bn debts
The 17 newly-elected governors face an uphill task to stimulate the economies of their respective states as they will inherit…
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